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Reliance Infra to Rescue Smaller Infra Players?

  • Reliance Infrastructure is said to be evaluating six projects proposals. The proposals have been sent by IVRCL, SREI Infra, Madhucon Proj and Ashoka Buildcon, sources have told Bloomberg UTV. Most projects are located in Gujarat & South India. Smaller companies are finding original bid prices unviable and projects are likely to be sold at heavy discount. Each project is worth Rs 1200-1500 cr

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